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Federal Minister for Economic Affairs Ahad Cheema on Thursday said Pakistan has sufficient stocks of petroleum products and assured that there would be no disruption in fuel supplies. The remarks came during a high-level meeting chaired by the minister to review the availability of petroleum products and concerns regarding the hoarding of fuel by certain Oil Marketing Companies (OMCs). The federal minister urged all provincial chief secretaries to take immediate and effective action against petrol pumps and OMCs found involved in hoarding fuel or attempting to exploit the prevailing regional…

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Pakistan has pledged extra security for its largest operating ​Chinese-run copper ⁠and gold mine after the operator warned that worsening militant ‌violence could force it to ‌halt production within a month, a senior minister told Reuters on Wednesday. The warning from Saindak Metals Limited, the joint venture behind the Saindak mine in Balochistan province, highlights growing ‌security risks for Chinese investments in Pakistan’s mineral-rich southwest, where separatist attacks have intensified and ⁠disrupted other major projects. “We have directed the provincial authorities and all concerned security agencies to beef up deployment…

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KARACHI: Fears of a petrol shortage have emerged across Pakistan, including Karachi, after oil dealers claimed that oil marketing companies (OMCs) have started limiting the supply of petroleum products amid rising global oil prices, ARY News reported. According to Sindh Petroleum Dealers Association President Amir Khan, OMCs have imposed allocations on all petrol pumps, resulting in reduced fuel supplies. He said the situation could lead to shortages if the issue is not addressed. Pakistan Petroleum Dealers Association Vice Chairman Tariq Hassan also warned that the reduced supply to petrol pumps could…

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The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 per litre, respectively, for the next week, as global oil markets remain volatile following the recent escalation between the United States and Iran. According to a press release issued by the Petroleum Division, the new price of petrol has been fixed at Rs310.71 per litre, while HSD will cost Rs323.30 per litre. The revised prices will take effect from midnight on Friday. The latest increase follows renewed tensions between the United States…

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